Daily Equities Market update
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- Phyllis Lyons
- 5 years ago
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1 Daily Equities Market update Boom!!! The Bulls pop champagne today NASDUSI continues in the red -1.13% December 04, 2018
2 Summary: The Market breadth closed Positive at 1.86x Did the equities market suddenly ignore the known-known risks (political uncertainties and traction in debt market) which have plagued investors interest prior this month? Evidently, the local bourse buoyed today on the back of analysts report that most counters are in its 52-week low which spurred lots of dip buying. Consequently, DIAMONBNK, ZENITHBANNK, LEARNAFRCA and GUARANTY topped the list of counters which enjoyed positive sentiments in the two consecutive trading days this week while sell off pressure was sustained in CONTINSURE, LASACO and NB. In addition, stocks which recorded positive closed yesterday maintained previous trajectory in today s session. Away from that, the All Share Index rose 0.68% to close at 31, while the market cap gained N76.115billion to finish at N11.320trillion. As a result of the bullish sentiment, Relative Strength Index (RSI) turned the curve northwards to from 29.88, representing the first leap above the oversold region since 23 rd of November, Similarly, Year-to-Date (YtD) return inched up 55 basis points to close at % from new low of % recorded last week Thursday. Money Market Rates Rate(%) %Δ Overnight rate Open Buy Daily Commodity Price Watch Previous Current Daily (%) Brent($/PB) Gold Silver Platinum Copper NASD OTC Indicators PARAMETER Previous Current Daily (%) USI Capitalization ( 'Bn) Volume Traded Value Traded ( '000) Deals Executed Going forward, the total volume and value traded today dipped % and % to end the session at million and N2.115billion respectively just as the deals also went down % at 2,802. Leading the Global Investment Path to Africa
3 Review of Sectoral Performance Daily Equities Market Recap Amidst ubiquitous buying pressure in the market today, Banking sector benefitted the most as its index advanced 2.62% to due to gains in its 9 counters topped by DIAMONDBNK 9.86%, UBA 6.67%, GUARANTY 3.75% and FBNH 2.7% while STERLNBANK % was a lone decliner in the sectors as others closed unchanged. Insurance sector trailed by 0.67% to end at upon buying interest in MANSARD 9.98%, AFRIPRUD 1.9% and AIICO 1.54% while LINKASSURE -9.68%, VERITASKAP -9.09% and MBENEFIT -8.0% topped its decliners. On the laggards table, Industrial goods sector -0.94% was downtrodden as a result of tepid interest in WAPCO -4.48% while others closed flat. In the same vein, consumer goods index plunged -0.13% to as investors sold off UNILEVER -1.0% and NB -0.5% while the gains in CADBURY 2.16%, HONYFLOUR 1.85%, DANGFLOUR 0.81% and 3 other counters could not keep the sector in the green. Oil and gas sector however closed flat as its counters remained unchanged. Movement of NSEASI(Year-to-Date) the Global Investment Path to Africa
4 NSE Market Indices Return Open(points) Close(points) Daily(%) WtD(%) MtD(%) YTD(%) NSE All Share Index NSE Banking Sector Index NSE Industrial Goods Index NSE Consumer Goods Index NSE Oil & Gas Index NSE Insurance Index Investors Sentiment Investors took position in undervalued stocks today which saw 26 counters closed uptrend as against 14 losers. Obviously, market undulation continues with more interest in the banking sector. Top 10 Gainers Top 10 least performed Ticker Close Change %Δ Ticker Price Change %Δ MANSARD LINKASSURE DIAMONDBNK VERITASKAP UPL MAYBAKER UBA MBENEFIT UNIONDAC REGALINS GUARANTY WAPCO FBNH ABCTRANS CADBURY LASACO WEMABANK TRANSCORP UBN STERLNBANK Top Traded Stocks by Volume Top Traded stocks by Value Ticker Deal Volume %Δ Ticker Deal Value %Δ FBNH ,915, FBNH ,304, ACCESS ,150, GUARANTY ,277, ETI 54 16,472, ETI ,561, FCMB ,846, DANGCEM ,283, GUARANTY ,597, ACCESS ,944, TRANSCORP 63 9,586, ZENITHBANK ,773, LASACO 28 7,136, UNILEVER 25 99,136, UBA 121 5,833, NESTLE 41 80,132, ZENITHBANK 169 5,429, NB ,311, FIDELITYBK 75 4,747, UBA ,381, Leading the Global Investment Path to Africa
5 MorganCapital Securities Limited ("MorganCapital"), formerly known as International Capital Securities Limited, was incorporated on 28th January, 1997; and was issued a license as a Dealing Member of the NSE on 3rd October, 1997, after obtaining license of the Securities & Exchange Commission (SEC) as a Broker/Dealer. The Company has remained a dealing member firm of the NSE since then (over 17years ago). In 2009, MorganCapital got licensed by the SEC to perform an additional role as an Issuing House/Financial Adviser. MorganCapital was recently accredited by the Nigerian Stock Exchange as a Designated Adviser to the Alternative Securities Market (ASeM) Board, after a very rigorous and competitive process. MorganCapital is a full fledge Investment Banking, Securities Trading and Principal Investments Firm, with licenses from the Nigerian Securities & Exchange Commission and the Nigerian Stock Exchange. MorganCapital provides a comprehensive range of investment banking and financial advisory services to private, public sector, corporate, and institutional clients. Our firm has very strong contacts with many African-focused & emerging markets investors/fund managers. MorganCapital has advised on a number of transactions in the Nigerian Capital Markets, including provision of Financial Advisory Service to the Federal Government of Nigeria, through the Bureau of Public Enterprises ("BPE") for the concessioning of the National Arts Theater, the Tafawa Balewa Square, the Lagos Trade fair complex and the 6 National Stadia. MorganCapital also advised the BPE on the proposed sale of the Ijora Power Plant, the Calabar Power Plant and the Oji River coal-fired power plant. Our group is focused on providing unbiased financial advisory and investment banking services to individuals and institutions that are seeking to invest in Africa or already involved in investing in Africa. One of our goals is to be the BEST link to the Nigerian Capital Market. CONTACT US Research Omosuyi Temitope temitopeo@morgancapitalgroup.com Investment Banking Adewale Adetiba adewalea@morgancapitalgroup.com Securities Dealing Ogochukwu Njoku ogochukwun@morgancapitalgroup.com Michael Joel michaelj@morgancapitalgroup.com For further information, please contact: MorganCapital Securities Limited The Pent House 3 Biaduo Street, Off Keffi Street S/West Ikoyi Lagos, Nigeria Tel: 234-(1) , 234-(1) info@morgancapitalgroup.com This report by MorganCapital Securities Ltd is for information purposes only. The company and its employees do not warrant the accuracy or completeness of the information provided as such information was gathered from primary and secondary reliable sources. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of market trends, which are based on current market sentiment. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for a ll investors. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. We, therefore, do not take responsibility for any loss arising from the use of the information.
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